ZEIT began life as a Scrypt PoS/PoW hybrid coin , but on April 29th,2014 ,ZEIT became a Proof of Stake Only Coin. The coin supply will be distributed by "minting" which allows anyone with coins in their wallet to receive up to .0005% interest on their coins. All you have to do to receive interest on your coins every day is have some in your wallet.

Proof of StakeEnergy Efficient 30 seconds block speedMin. Stake Age : 24 hoursInterest on Proof of Stake:ULI : .0005% per yearTransaction Fees are currently burned. Maximum Transactions Capacity ~12 million transactions per day

Let's get this transition started! I'm looking forward to supporting this, although I must admit I'm new to crypto-currencies and I am hoping that someone will link me to some resources to get up to speed. I will pm the zeitcoin fb page.